Bombardier had 29 deliveries during the second quarter which is one more aircraft than the same period last year and has a solid line of sight to reach the overall 2023 guidance of greater than 138 deliveries, the business jet manufacturer announced in its second quarter 2023 financial results.
The results signals continued progress on all business fundamentals and performance on track toward reaching 2023 full-year guidance.
“Bombardier delivered a very strong second quarter. Our team successfully navigated a highly dynamic business environment that saw sustained demand for new and pre-owned jets, as well as steady service growth, all while supply chain pressure persisted,” said Éric Martel, President and Chief Executive Officer, Bombardier. “We continue to progress on our positive trajectory by delivering remarkable growth in profitability, propelled by a strong adjusted EBITDA increase and margin expansion, as well as a positive adjusted net income and earnings per share. Thanks to our team’s tremendous work, we boosted our revenues this quarter by 8 % year-over-year, driven in part by an exceptional 19% year-over-year aftermarket revenue increase.”
Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets.
Source: Excerpts from Bombardier Press Release
Photo Credit: Bombardier (shown as meta image)